Insurance broker providing support to build Canada's first solar power station
Plans to build Canada’s first solar park came another step closer to reality today as a leading insurance and financial services company announced its intention to become a sponsor of the project. The Precept Group Inc., based in Waterloo, Ontario will donate money to The Sunpark Challenge to help buy the solar panels and equipment necessary to generate clean, renewable electricity from the power of the sun. “We are extremely pleased to support this great initiative”, states Jim McGregor, CEO of The Precept Group Inc. “Being part of the development of such a progressive venture to provide renewable solar energy fits with our core value of contributing in tangible ways to our communities”.

Solar energy conference opens in Germany
Global solar power generation is expected to increase by 25 per cent this year, a European conference on solar energy was told at its opening session on Monday. In 2005, worldwide turnover in the sector was 5.8 billion euros (7.4 billion dollars), according to Heinz Ossenbrink, head of the Renewable Energy Department of the Institute for Environment and Sustainability at the EU Research Centre in Ispra, near Milan. "The drastic increase in oil prices and the growing awareness of business, politics and consumers with regard to the limited availability of fossil fuels has given the photovoltaics sector enormous momentum," Osenbrink told the 21st European Photovoltaic Solar Energy Conference and Exhibition in Dresden.